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Strategies & Market Trends : Longer-Term Market Trends

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To: AllansAlias who wrote (1259)7/3/2008 10:39:16 AM
From: ItsAllCyclical  Read Replies (2) of 3209
 
The markets should have some sort of oversold rally soon, but it's hard to see the catalyst. Agree that crashes are rare events so part of my reason for covering/selling some SRS again.

Normally we may not need a catalyst when this oversold, but right in the heart of earning season w/oil set to pick up speed if it breaks much higher - seems kinda dire. Any rally will probably be very powerful, but very short lived. I'm thinking a few days to a week.
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